My goal is to make you mad. Not at me (though I expect to ruffle a few feathers with this one). At the evil being wrought in the name of fighting inflation and maximizing employment. And at the aggressive indifference to this evil, exhibited by the capitalists, the gold bugs, and the otherwise-free-marketers.
So, today I am going to do something I have never done. I am going to rant! I am even going to use vulgar language (which is totally justified).
In researching several recent articles, I re-read old passages from Keynes. Consider these snippets:
“For a little reflection will show what enormous social changes would result from a gradual disappearance of a rate of return on accumulated wealth.”